Surprisingly strong SEK, perhaps on the back of a weaker USD, with EUR/USD about to add to the initiated upside correction. Swedish CPI today – watch it!
EUR/USD over 1.2791 would target 1.28800, but not if losing 1.2605 again… EUR/SEK trades with resistance at 9.1025\85 and could print a fresh sub-9.0555 low shortly… EUR/GBP over 0.7935 would target 0.7994.8010 next, but not if losing 0.7851 again… USD/SEK is testing support at 7.1060/7.0865… EUR/NOK meanders back closer to 8.3040… The ongoing NOK/SEK correction is soon out of rails as bids below 1.10 ought to shore it up… EUR/PLN is edging closer to a +4.20 test… The S&P500… 499… 498 and counting… Needs breaks back over 1,881 & 1,893 to indicate that a possible base is forming… Bund below 150.20 would correctively target 149.45/21…
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